The Senate Banking Committee on Tuesday approved Richard Cordray's nomination to remain director of the Consumer Financial Protection Bureau.
Sam Gilford, committee press secretary, said the 12-10 vote was along party lines, with all 12 Democrats on the committee voting to approve Cordray's appointment and all 10 Republicans voting against it.
The next step in Cordray's nomination process is a vote by the full U.S. Senate. Senate Republicans have vowed to block the vote, instead preferring Cordray be replaced by a five-person committee.
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